Musk Doubles Down on Claim Tesla Is All-Clear on Cash

Elon Musk announced that Tesla will not raise new capital this year and expects a $3 billion profit as production increases. He responded to criticism from the Economist, asserting Tesla's profitability in upcoming quarters. Despite past cash flow issues, Musk claims Tesla will be profitable, causing a temporary rise in stock prices. However, skepticism remains high, with Tesla being the most shorted major US corporation. The stock has seen fluctuations, with a recent recovery following a significant drop.

What did some people say about the potential for positive earnings growth for Tesla?

What was the percentage plunge in Tesla's stock last month?